Korian closes a long-term real estate equity partnership with BAE Systems Pension Funds

BAE Systems Pension Funds invests c.€100m into a newly created Koriancontrolled real estate vehicle
Pan-European portfolio of 23 long term care and healthcare assets including one greenfield development
A portfolio net equity value of c.€ 200 million, based on a gross value of c.€320 million:
o including development capex and portfolio structuration fee
o with a capitalisation rate of c.4.9%
o and LTV ratio of c.38%
A new milestone in Korian’s real estate strategy optimising equity allocation and a testimony to the attractiveness of its real estate portfolio